Andy Murray’s Cromlix hotel posts losses of nearly £370,000

Sir Andy Murray’s Cromlix hotel in Dunblane has posted a loss of £369,045 for the year ended 31 March 2024.

 

This was an improvement on the previous year, when the 15-bedroom property fell to a loss of £919,572.

 

The average number of employees also grew to 82 in 2024, up from 62.

 

Meanwhile, cash reserves rose slightly from £142,943 in 2023 to £242,535, though it remains significantly below 2022 figures of nearly £1.1m.

 

Andy and Kim Murray bought the property in 2013. It was operated by Inverlochy Castle Management International (ICMI) on their behalf for almost a decade, but since January 2023 the family have been running Cromlix under a self-management model.

 

The country house hotel also completed a three-month refurbishment in May 2023.

 

A spokesperson for Cromlix told The Caterer: "Cromlix had another exceptional twelve months in 2024 following the hotel’s total refurbishment the previous year. The hotel continues to enjoy high occupancy rates throughout the year and a busy restaurant and events business. There has been continued investment throughout 2024 which will not only drive continued growth of the business, but future-proof it as it expands against the many challenges facing the hospitality industry."

 

They also revealed plans to build a new restaurant and kitchen, four new luxury bedrooms and a Wellness Cabin within the 34-acre estate over the next 12 to 18 months.